Nassau Dems refuse to OK $41M loan
Photo credit: Barry Sloan | Legislator Kevan Abrahams looks on during the Nassau County Legislature meeting in Mineola. (June 25, 2012)
Nassau County Executive Edward Mangano
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Nassau County tax refunds
Blog: The Spin Cycle
Nassau Democratic lawmakers on Monday blocked $41 million in borrowing needed to close a 2011 budget deficit and pay overdue property tax refunds.
Aides to County Executive Edward Mangano have warned that the legislature's failure to authorize the borrowing before outside auditors this week close the books on 2011 could trigger a downgrade of Nassau's credit rating.
Mangano already has...
